Nordica to buy out LOT stake in regional unit Xfly

Estonian carrier Nordica has reached agreement with LOT Polish Airlines to acquire its 49% share in Xfly, making it the sole owner of the regional capacity provider.

The Polish carrier took the 49% stake in the Estonian capacity provider, then called Regional Jet, four years ago. The carriers worked together on operating flights, initially linking Tallinn with Warsaw, and outsourcing capacity from Xfly.